Sales Middle Office
| Estimated Pay | $39 per hour |
|---|---|
| Hours | Full-time, Part-time |
| Location | New York, New York |
Compare Pay
Estimated Pay$21.8
$38.68
$79.66
About this job
SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG's shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.
In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization's extensive global network. The Group's operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC Rail Services LLC, Manufacturers Bank, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.
The anticipated salary range for this role is between $109,000.00and $162,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.
The objective of the Capital Markets Sales Middle Office team is to provide support to the CM traders and salespeople in areas such as trade booking, end of day validation/completeness checks, monitoring of third-party platforms (Markitwire, ICE, etc.) and manage trade lifecycle events. The team will also play a role in investigating sales credit discrepancies and creating sales credit reports. This new team will be expected to work collaboratively across numerous areas/departments including operations, front office, technology, compliance, risk, legal and credit. As a member of the newly created Sales Middle Office team, this individual will be expected to support the established policies & procedures and help guide and establish new desktop procedures and controls where needed.
The VP of Capital Markets sales support will be a member of the newly created Sales MO function helping to support the front office as they build out their business with hedge funds and investment advisors. This role will partner with the existing Derivative Operations functions: Confirmations, Settlements, Margin and Client Service Ops.
- Work across front office and operational departments to ensure all transaction data is captured timely and accurately and reviewed via end of day validation and completeness checks
- Identify and escalate trade breaks, cancel and correct trades as needed
- Process trade allocations and trade affirmations
- Act as a liaison for front office on trade or settlement related issues
- Investigate sales credit discrepancies and create sales credit reports
- Volker Transaction Reporting
- Identify process gaps, work with internal and external resources to create more efficient processes to reduce operational risk
- 7+ years of experience in financial services
- 3+ years of experience working in Middle Office / Trade Supportcapacity
- BA/BS required
- MBA a plus
- Degree in Finance, Accounting or related discipline is preferred
- FINRA Series 99 is required
D&I Commitment
Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.
SMBC's employees participate in a hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process.
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.
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